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Question -

Trevor is learning how to calculate PAYG tax withheld amount. Although, he knows MYOB will calculate the figure for him automatically, he was to be able to process the pays manually should the computer system 'crash' on pay day. Calculate PAYG withholding using the following figures and the 2015-16 weekly tax tables.

Employee details - Max Brenner

$

Weekly pay

495

Overtime

75

Claiming tax-free threshold

Yes

Entitled to leave loading

Yes

Claiming tax offsets

No

Adjustment for Medicare

21

Adjustment for HELP debt

10

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92371771
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